Some people that have not looked into the subject very deeply assume that the process of estate planning equates to nothing more or less than the creation of a simple will. This is the most commonly … [Read more...] about You May Need More Than One Will
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2022 is just starting, it’s not too early to think about planning for whatever it may … [Read more...] about Tax Planning for 2022
Generally speaking, probate is a legal process that an estate must pass through when a simple will is utilized. This being stated, there are simplified probate procedures in some states, and Ohio is … [Read more...] about Is There a Simplified Probate Process in Ohio?
Each year, there are potential changes to the estate tax and gift tax exclusions to account for inflation. There have been increases in the estate tax exclusion over recent years, but the annual gift … [Read more...] about 2022 Estate and Gift Tax Exclusions Will Rise
Cryptocurrency has become increasingly popular as a form of investment in recent years. More and more established financial institutions recognize cryptocurrency and allow its use. As cryptocurrency … [Read more...] about Living in a Digital World and the Importance of Planning for Cryptocurrency
There are targeted estate planning solutions that can be used as a response to just about any situation that may arise. One of them is the qualified domestic trust (QDOT), and we will provide the … [Read more...] about QDOT: An Estate Tax Solution for Noncitizen Spouses
Everyone has heard of the simple will, but there are alternate transfer methods that you may not be aware of as a layperson. We have been providing explanations of the possibilities, and in this … [Read more...] about Pros and Cons of Life Estates
A well-constructed estate plan will be holistic in nature. If you take the right steps, you can assert your choices and simplify things for your loved ones during a time that will be very difficult … [Read more...] about Assert Your Final Arrangement Preferences
There are a couple potential changes in the tax laws on the table right now, and one of them is the step-up in basis that applies to inherited appreciated assets. We will explain this scenario first, … [Read more...] about Stepped-Up Basis Is Under Siege
The man looks at his children and says, “Someday, all this will be yours.” This is a common theme, but are you sure that your children really want your belongings? You may want to think twice when … [Read more...] about Estate Planning: Don’t Assume Your Children Want Your Stuff
